DeGRAM | GOLD coming to the border of the channel

21 Mei

📊 Technical Analysis
● Price is back at the channel’s mid-band after two “false-break” spikes off the floor; every triangle that resolved upward inside 3 300-3 350 has been faded, preserving the series of lower-highs.
● Today’s run tags the slanted supply (3 330-3 350) while 1-h candles print bearish wicks and RSI stalls below its May peak – a momentum squeeze that usually precedes rotation to 3 284 support, then 3 210/3 120 at the base.

💡 Fundamental Analysis
● US durable-goods orders beat and Fed minutes repeated “higher for longer”, pushing 2-yr yields above 4.95 % and reviving ETF outflows (WGC), both headwinds for non-yielding gold.

✨ Summary
Sell 3 300-3 340; first targets 3 284 ➜ 3 210, stretch 3 120. Invalidate on hourly close above 3 350.

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22 Mei

Dagangan aktif

📊 Technical Analysis
● Price has re-entered the red 3 300-3 350 supply where the upper rail of the H1 descending channel and a broken blue up-trend converge, producing consecutive long-wick rejections.
● Bearish pennant is forming beneath 3 330; a break of 3 284 (mid-band) exposes the channel floor / horizontal clusters at 3 200 and 3 100.

💡 Fundamental Analysis
● US May flash PMIs and durable-goods orders beat forecasts while Fed officials warned rates may stay restrictive, lifting 2-yr yields toward 5 %.
● World Gold Council reports another week of ETF outflows as stronger USD funding costs bite.

✨ Summary
Fade rallies into 3 300-3 330; targets 3 284 ➜ 3 200, stretch 3 100. Short thesis void on an hour close above 3 350.

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23 Mei

Dagangan ditutup: sasaran tercapai

Took +0.9% on support retest. Further forecast will be in the profile today.